Addition on account of difference in valuation of securiti - ...

Change in Stock Valuation Method Reducing Profit Doesn't Justify Rejecting Assessee's Claim for Additional Tax Liabilities.

July 7, 2016

Case Laws Income Tax AT

Addition on account of difference in valuation of securiti - Reduction in profit due to change in valuation method of stock cannot be a reason to reject the claim of assessee. Whenever, there is change in method of accounting, there would be aberrations in the financial results. - AT

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Addition on account of difference in valuation of securiti - ...

Change in Stock Valuation Method Reducing Profit Doesn't Justify Rejecting Assessee's Claim for Additional Tax Liabilities.

July 7, 2016

Case Laws Income Tax AT

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